Summary of Financial Results
Summary of Financial Results for FY2025
Sumitomo Mitsui Trust Group, Inc. (Consolidated)
- In FY2025, Net fees and commissions and related profits remained strong, particularly in corporate credit related business as well as asset management and asset administration businesses, along with improved Effective interest related earnings* driven by rising domestic interest rate. However, Net business profit before credit costs(1) decreased by ¥14.5 billion year on year to ¥347.4 billion, reflecting the loss recognition of approx. ¥70.0 billion associated with the improvement of bond portfolio for future stability.
- Net income attributable to owners of the parent(3) increased by ¥59.9 billion year on year to ¥317.5 billion, marking a record-high profit. This was primarily due to a significant improvement in Net gains on stocks, driven by progress in the reduction of strategic shareholdings.
*:Including "Profit attributable to deployment of surplus foreign currency funds" recorded under "Other profit".
(Billions of Yen)
| FY2024 | FY2025 | Change | ||
|---|---|---|---|---|
| Net business profit before credit costs* | 1 | 362.0 | 347.4 | (14.5) |
| Ordinary profit | 2 | 367.6 | 401.4 | 33.8 |
| Net income attributable to owners of the parent | 3 | 257.6 | 317.5 | 59.9 |
| Total credit costs | 4 | (24.6) | (23.9) | 0.7 |
|---|---|---|---|---|
| Net gains on stocks | 5 | 81.4 | 138.8 | 57.4 |
| Shareholder ROE | 6 | 8.30% | 9.54% | 1.24% |
|---|
(Per share information)
| Earnings per common share (EPS) (Yen) | 7 | 359 | 451 | 92 |
|---|---|---|---|---|
| Net assets per common share (BPS) (Yen) | 8 | 4,354 | 5,104 | 749 |
*Consolidated net business profit before credit costs = Net business profit before credit costs of Sumitomo Mitsui Trust Bank (Non-consolidated) + Ordinary profit of other subsidiary companies (non-recurring effect adjusted) + Ordinary profit of affiliates (non-recurring effect adjusted) x Ratio of equity holdings – Intra-group transaction (dividends, etc.)
Reference:Sumitomo Mitsui Trust Bank (Non-consolidated)
(Billions of Yen)
| FY2024 | FY2025 | Change | ||||
|---|---|---|---|---|---|---|
| Net business profit before credit costs | 9 | 288.9 | 244.5 | (44.3) | ||
| Net business profit before credit costs | Gross business profit | 10 | 601.1 | 587.8 | (13.3) | |
| Net business profit before credit costs | Gross business profit | Effective interest related earnings (*) | 11 | 376.9 | 368.6 | (8.2) |
| Net business profit before credit costs | Gross business profit | Net fees and commissions and related profit | 12 | 223.4 | 262.5 | 39.1 |
| Net business profit before credit costs | Gross business profit | Net trading profit Net gains on foreign exchange transactions |
13 | 30.7 | 20.4 | (10.3) |
| Net business profit before credit costs | Gross business profit | Net gains on bonds | 14 | (41.5) | (52.7) | (11.1) |
| Net business profit before credit costs | Gross business profit | Net gains from derivatives | 15 | 15.6 | (8.0) | (23.6) |
| Net business profit before credit costs | General and administrative expenses | 16 | (312.2) | (343.3) | (31.0) | |
| Total credit costs | 17 | (23.1) | (21.4) | 1.7 | ||
| Other non-recurring profit | 18 | 44.9 | 112.1 | 67.2 | ||
| Ordinary profit | 19 | 310.7 | 335.2 | 24.5 | ||
| Extraordinary profit | 20 | (5.7) | 24.3 | 30.0 | ||
| Net income | 21 | 239.5 | 263.4 | 23.8 | ||
(*)Including "Profit attributable to deployment of surplus foreign currency funds" recorded under "Net gains on foreign exchange transactions".